akscott
May 8, 2009, 12:15 PM
I am 55 and recently started drawing a pension under the early retirement provision of my unions defined benefit plan. We also have a 401K supplemental plan in which I have a balance of $4300.00. I would like to withdraw this and am wondering if I would be subject to the additional 10% penalty.Also as we can draw our pension and still work a limited amount of hours in a calender year I could be making contributions to the fund that I have closed out because the employers contribution is automatic. Thanks, akscott